Morning Scan: U.K. Banks Pass Stress Tests; Banks Up Benefit

Receiving Wide Coverage ...

U.K. Stress Test Results Are In: U.K. banks passed the Bank of England's stress tests — albeit without flying colors — reducing the pressure on the institutions to hold more capital. Overall, the U.K. banking industry appears prepared to meet all the requirements due by 2019, the Wall Street Journal reports, including more stringent requirements regarding risks in trading and mortgage books. Despite the celebratory notes of the Bank of England's announcement,...